Adage Capital Partners GP L.L.C. Sells 87,800 Shares of Welltower Inc. (NYSE:WELL)

Adage Capital Partners GP L.L.C. trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,706 shares of the real estate investment trust's stock after selling 87,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.10% of Welltower worth $81,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Mather Group LLC. boosted its holdings in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after buying an additional 75 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 76 shares during the period. Woodmont Investment Counsel LLC increased its position in Welltower by 3.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after acquiring an additional 81 shares during the last quarter. Wealthspire Advisors LLC increased its position in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares in the last quarter. Finally, Graypoint LLC boosted its stake in Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after buying an additional 84 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

WELL traded up $2.10 during trading on Tuesday, reaching $151.15. 1,519,237 shares of the company's stock were exchanged, compared to its average volume of 2,864,954. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market capitalization of $98.48 billion, a P/E ratio of 96.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The company's fifty day simple moving average is $148.00 and its 200-day simple moving average is $138.59. Welltower Inc. has a 1 year low of $93.72 and a 1 year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm's revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. As a group, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.77%. Welltower's dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Mizuho raised their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Evercore ISI upped their price objective on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.